What is DigitalDevelopersFund

Title

DDF was established in 2010 as “Domain Developers Fund” and had a solid track record in domain investing. To expand, they held an ICO to add crypto currencies and other digital assets to their portfolio.

Domain names are still the main part of their portfolio. And it seems attention have shifted since early 2018 to Hydrominer, another project of the founder Michael Marcovici


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Upcomming Payment   Payout Structure   Dividend Calculator   Market Value   
ICO Details   Current Performance   All Time Progress   Dividend Yields   
DDF vs Other Crypto   My view on ddf   

DDF Payout Structure

The fund had two type of investors, orignial shareholders (68,8093%)and tokenized ICO investors (31,1906%)

50% of all profit is ddistributed as dividend to the investors on a quarletly basis if the fund exceeds the high watermark from the previous payment.

2% goes to admin fees, en there is a performansce fee depening on the performance
• 0-5% net profit: 0 % performance fee
• 5-10% net profit: 5% performance fee
• 10-15% net profit: 12% performance fee
• > 15% net profit:15% performance fee
• The remainder (at least 35%) is reinvested.

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DigitalDevelopersFund dividend calculator

DDF dividend payouts are calculated by this formula (Profit * 0.311906 * 0.50 ) / 5118307.00000000 = payout per DDF.
.

You can calculate what you would earn with your ddf and also how many profit is needed to get a certain amount of profit sharing by entering the numbers below and press "Calculate".

Profit ddf makes in a month $
Amount ddf you own  
Total dividend you are aming for in a month$
Display currency  

DDF current dividend period

Fundsize at start of this dividend periode: 3,743,325.00
Current Fundsize: ?
For now I have no way to track the current fund progress. The only source are the monthly reports, and they are also not comming every month anymore. And even if they come regular, assests like domain names have no verifyable price sources to calculate real time fundsize

Anyhow, for what it's worth these are the latest reported numbers:
Asset allocation (as of June 30th, 2019)
2,765,320 USD (1028 domain names)
259.160 USD (903,05 ETH)
202,400 USD (cash)
27,800 USD (705,105 COS)
15,500 USD (62,707 H2O)
30,000 USD (mining equipment)
20,875 USD (1,9 BTC)
4,080 USD (10.05 BCH)
5,800 USD (998 EOS)
17,400 USD (other altcoins)
434,843 USD (1,625,000 DDF coins)
50,000 USD (Interkey)
3,833,178 USD Total
Value allocated to ICO investors: 1,195,591 USD.
NAV per coin: 0.28 USD
The High Watermark NAV for dividend payments is 5,027,541 USD.
DDF overall fund progress
 
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DDF all time progress
Lifetime ddf Performance (8 dividend periods).
Total Average 
Profit$-252,706.00$-31,588.25
Fees$17,560.03$2,195.00
Token holders dividend$73,880.50$9,235.06
Dividend Per Token$0.01537000$0.00192125
Dividend per Token in ETH 0.00001220 0.00000153
USD Value now if you kept the ETH$0.00259224$0.00032403


DDF profit breakdown
DDF Yields
Dividend yields are the ratio between annual payment(s) and price.

Indicated Annual Yield last dividend ($0.000000 per DDF)
The indicated annual yield is the ratio between annual dividend and token price.
((last div * annual payments) / price) x 100%
Indicated yield with dividend day price ($0.01):0.000000%
Indicated yield with current price ($0.19): 0.000000%
Indicated yield with ico price ($0.25): 0.000000%
 
Average Annual Yield ($0.000000 per DDF)
The average annual yield is the ratio between the dividend average of last 12 months and token price.
((avg dividend * annual payments) / token price) x 100%
Average yield with dividend day price ($0.01): 0.000000%
Average yield with current price ($0.19): 0.000000%
Average yield with ico price ($0.25): 0.000000%
 
Average Yield overall ($0.001921 per DDF)
The average yield is the ratio between the all time dividend average and token price.
((avg dividend * annual payments) / token price) x 100%
Average yield with dividend day price ($0.01): 56.403628%
Average yield with current price ($0.19): 4.133872%
Average yield with ico price ($0.25): 3.074000%

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DDF Performance vs BTC, ETH, XRP, LTC, DASH and NEO

Would you have done better investing in the big crypto coins instead of buying DDF?
Table below gives an overview if you had the choice to invest $1000 at the ICO ending or any given day.

Crypto Open price Nr coins for $1000 Current price Current $ value percentage%
BTC$3,341.84000.2992$9,771.1814$2,923.8926192.39%
DASH$199.56005.0110$104.7489$524.8994-47.51%
ETH$296.96003.3675$212.4587$715.4457-28.46%
LTC$48.050020.8117$90.5147$1,883.759688.38%
NEO$21.680046.1255$10.9253$503.9367-49.61%
XRP$0.18325,459.4689$0.3168$1,729.819672.98%
DDF ICO price$0.25004,000.0000$0.1859$805.0928*-19.49%
* Dividend included (Value DDF + total dividend)
If you want to compare DDF prices form a specific date, just select one and click the 'Performance' button
   

My view on DDF

2019-04-25 2019-04-25 What to think about DDF…. Well where to begin!

Lets start with the lack of communication lately. The monthly reports came monthly till August 2018 after more or less the only reply from Michael in the chat “ We had a delay” “ Working on it “ and more of the same. I think Michael moved on to Hydrominer and buys or sells a domain every now and then. Hardly any crypto holdings and trading, but the Asset manager Davies Guttman has left the company long ago. According to his Linked in https://www.linkedin.com/in/davies-guttmann-15a20413/ 2013 – 2017 Drop Catching and Asset Manager Digital Developers Fund and now he is the CFO of… Hydrominer

Michael his linked in page https://www.linkedin.com/in/michael-marcovici-aa963614/ “Starting in 2013 Michael became active in the cryptocurrency space, he is currently advising various companies in this space and is the co CEO of Hyrominer, a crypto mining company in Austria.” DDF is not even mentioned (anymore). Both had not posted on their facebook for over a year.

The lack of communication are proof of life is also well visible on the DDF website. Last post was a week after the ICO… August 2017!

What about the numbers? It must be rounding I hope. The only dividend every (see newsletter 2018-01-03) started with $4,663,317 and ended $5,165,032. A profit of $501,715. With 29.46% share for the token holders one would say = $147,805.239, but the report mentioned $147,761
Report mentioned $0.01537 dividend per token with 50% of $147.761 this results in 73,880.50 / 0.01537 = 4806798,959011061 tokens

But total supply 6,428,932.126963297278548 – 1,625,000 (tokens in asset allocation) = 4803932,126963297278548 tokens.

I so hate it when the math is not correct.

Also the math does not match with the stolen tokens (from Cryptopia hack) and the new mentioned supply (report 2019-02-27) total supply – the stolen ones 750223.13042319 = 4,053,708.996540107 but the report mentioned 4,053,932.

Another math question. The fund had a $501,715 profit ($5,165,032 – $4,663,317) Half of it goes to dividend, from the remainder 2% admin fee and 5% performance fee and rest should be reinvestment. You would think this leaves a $4,896,614.475 fund but in the next quarterly report they come up with “ $4.404.736 USD Total after dividend/redemption payment of Jan 2018”. Not that is does matter for some strange reason the fund needs to exceed $5,165,032 instead of a logical $4,896,614.475 (or 4.4M in their view) before we ever receive dividend again. You have to set the high watermark at the start point of the next quarter not at the endpoint of a profitable quarter. Hmmm and also that high watermark changed to $5,027,541 in May 2018???

And is we take a close look at the asset allocation.
1028 domain names valued at $3,080,320 not sure if we should read this as bought for, but the domain names are 80.22 % of the entire asset allocation. Even in a crypto bull run those domain names will not gain much more in value.

1,625,000 DDF tokens valued at $434,843 = $0.26759569230769230769230769230769 per token. That is one way to get your NAV a bit higher, but there is no one ever paying that with the current $0.00663804 market price. Still 11.32% of their balance. The funny thing, the only time those tokens where valued below 400K was in October 2017 exactly at the moment dividend was supposed to be paid. And all of the sudden in that report it has a total value of 309K???!!! resulting in a loss and no payment!!!!. With the “normal” value we would have seen a very small profit after the first quarter of running. Also the values $434,843 in the next quarter was also exactly right to have a 10%, just enoug to get a 5% performance fee.

67,500 Bitcoin Clean tokens are a great success. Once valued at over $50 a token now the entire stack is less than $3000 its trading only on Yobit and I have no idea if this is the updated chain. I do not trust Yobit! They still trade other tokens without updating the chain, making them impossible to withdraw or deposit.

Mining rigs for the full value at the balance sheet? Hardware is basically worthless the moment you buy it and even more true for mining rigs.

Basically the only tokens worth looking at are ETH and Coss. In a bull run those tokens could make a difference, the rest is a too small bag to make good profit. And we need at least 1.3 million from these assets before ever getting dividend again. But Coss should have been sold in its first run to above $3 . I’m not a trader, but I sold my Coss around that point simply because I could make more money selling at that time then I would have waiting 25 years in dividend. Bought back and sold again with a profit and bought back again at ico price.

By the way, Hydrominer is also such a great project with lots of progress. Already in January 2018 it was mentioned in the reports and ever since then its in a few weeks…. It still is and it is the same as in ddf… working on it …. Latest news from there was yesterday “Dear community, we will be back with news in a bit! The situation is clearing and we will be able to provide you with an overview soon. I can only repeat that it is always a matter of compliance to release an update when the situation is not completely resolved. As you know it took us one year to finally get the capital market prospectus, pausing the offer is not an easy decision and we need to get all things clear before we can proceed.”


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Upcoming DDF Payment

Wednesday October 30th 2019

If you hold DDF during snapshot in any erc_20 supported Ethereum Wallet like MyEtherWallet, Nano Ledger S, Trezor or any other (except any exchange) you will receive your pay out automatically.

Last 10 DDF Payments
DateDividendIndicated Yield
Div DayPrice
2019-07-01$0.00000000.00%0.00%
2019-04-30$0.00000000.00%0.00%
2019-01-15$0.00000000.00%0.00%
2018-10-15$0.00000000.00%0.00%
2018-07-15$0.00000000.00%0.00%
2018-04-15$0.00000000.00%0.00%
2018-01-15$0.015370031.65%33.07%
2017-10-15$0.00000000.00%0.00%

See all payments
DDF ICO and token details

Websitedigitaldevelopersfund.com
WhitepaperWhitepaper
Ico started2017-07-10
Ico ended2017-08-10
Ico Price1,000 DDF = 1 ETH
Ico Price$0.25000000
Ico ETH0.00100000 ETH
Total Raised
raised close to $2m
Total supply6,428,932.000000
Circulating supply5,118,307.000000
Payout currencyETH
BlockchainEthereum
TokentypeERC-20
TickerDDF
Decimals18
Contractaddress
0xcc4ef9eeaf656ac1a2ab886743e98e97e090ed38

DDF related links

Rating: 4.0/5 (92 stemmen)

DDF market value
Last traded DDF price:$0.18590320
In ETH: 0.00087501 ETH
In BTC: 0.00001903 BTC
1 ETH: 1,142.84610292 DDF
1 BTC: 52,560.58734696 DDF

Source Etherscan
Last trade: 2019-06-25 01:46:08
150.0000 DDF @ 0.0006000 ETH
DDF Exchanges

EtherDeltaDDF-ETH
ForkDeltaDDF-ETH

Donations


Any beer / donation is appreciated, thx!
BTC:
3Hc6PFL6yctFG15HQ5EekBNykkgzyoRabr

ETH or any ERC-20 tokens:
0x3279fd991AA42a1759bef80b1C3202EE985668d3

If you want to donate any other coin. Contact me. I'm sure I have a wallet somewhere.
DDF on Twitter
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